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Wells Fargo Short Sale Package
The Wells Fargo Package is also known as the Mortgage Assistance Application and is used for applying for a short sale, deed-in-lieu, or a loan modification review. There is a box on page 2 that states the borrowers intent is to Keep, Give Back, or Sell the property. Depending on what box is checked off by the borrower will determine what mortgage workout option is initially reviewed by the servicer. The Wells Fargo Short Sale or Loan Modification Package will be needed along with the borrower financials for the the foundation of the work out options document package. Depending if it’s a short sale or a loan modification additional items may be requested throughout the process which may vary on investor guidelines and borrower circumstances. It’s important to complete this form properly or else delays may occur in the review. Also, ensure to send the documents to the proper location to ensure they get scanned and imaged into the system promptly, this will save time and potential headaches.
If you run into any hurdles, you can escalate the file with Wells Fargo Mortgage to hopefully speed up a resolution and communication on a urgent issue. Wells Fargo work out options can move smoothly if the system is navigated right and if you know the right buttons to push, and people to speak to. Wells Fargo Loan Modifications or loan modifications in general can be difficult to be approved for as they vary from property type, loan to value, borrower circumstances, financials, and investor guidelines; You need to fit into a certain financial box or you may be denied.
You can download the Wells Fargo Short Sale Package below by completing the contact form or click here for short sale help. You may also call us at 1-800-669-8192 for assistance and questions.